Aminex plc (GB:AEX) has released an update.
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Aminex plc, an oil and gas company operating in Tanzania, has announced securing a $3 million funding facility from its principal investor, Eclipse Investments LLC. The facility is structured to provide an initial guaranteed tranche of $1.5 million, with the remainder at Eclipse’s discretion, and it can be offset against Aminex’s $35 million carry in the Ntorya development. This proactive financial move, arranged due to a slight delay in expected Ntorya gas revenues, underscores the company’s commitment to ensuring liquidity and supporting ongoing project developments.
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